holding businesses responsible. >> in the light jacket. >> hi, i co-chaired the defense science energy security task force with jim schlesinger and i currently just been named the technical cochairman of the chief of naval operations vulnerability on energy security and i would like to talk about, first of i like to take the opportunity say that, the states and ferc on electricity and energy regulation, the states regulate almost exclusively for rate, rates, not for reliability at all. and ferc regulations are, they can take effect after a process that takes four to six years. in light of the rate of threat which is something else i wanted to talk about, we have no effective regulatory system. so i'm particularly concerned about sif and particularly concerned about cyber and i, i would like to call into question the perishability of cyber solutions. the lot of the discussion today, which i completely agree with all of it, focused on the cyber solutions to the cyber problems but i would like to point out that because of the rate of the threat, particularly with the bad actors, we might
